… as the mining sector accelerate progress
By Shadreck Gurenje
Zimbabwe has made strides and scored tremendous progress under the Second Republic ensuring that all sectors achieve targets with regards value addition, beneficiation, job creation, and growth of the Gross Domestic Product.
Delivering the State of the Nation Address at the official opening of the third session of the 10th Parliament President Dr Emmerson Mnangagwa said Zimbabwe Industrial Reconstruction and Growth Plan, rural industrialisation, and the Community Economic Empowerment Trusts will result in increased production, leveraging on our resource endowments.
“The mining sector has witnessed increased investments in gold, lithium, iron and steel production. The commissioning of new plants, independent power generating units and energy parks, among others, are ensuring that all sectors achieve targets with regards value addition, beneficiation, job creation, and growth of our Gross Domestic Product.
“The Mines and Minerals Amendment Bill has been gazetted and is expected to be finalised during the current session of Parliament. My Government is committed to weeding out irresponsible mining stakeholders who cause pollution, degradation of the environment and damage to critical infrastructure,”said President Mnangagwa.
The Head of State and Government also said investors welcomed in Zimbabwe are expected to adhere to the Constitution and laws of the country while also respecting the people, customs and culture.
“ As we welcome investors in our jurisdiction, we expect that they will adhere to the Constitution and laws of our country, while also respecting our people, customs and culture. Mr. Speaker Sir, Madame President; since my last address, the manufacturing sector registered a 15.3% contribution to GDP. “The success is attributable to significant investments in the steel, cement, dairy, cotton-to-clothing, and pharmaceutical value chains, among others.
“The Zimbabwe Industrial Reconstruction and Growth Plan, rural industrialisation, and the Community Economic Empowerment Trusts will result in increased production, leveraging on our resource endowments,”said President Mnangagwa.
President Mnangagwa also urge Zimbabweans to take advantage of the new policy approved by Cabinet on Community Economic Empowerment Trusts and Reserved Sectors.
“I urge our people to take advantage of the new policy approved by Cabinet on Community Economic Empowerment Trusts and Reserved Sectors.
“My Government has reviewed licences, permits, levies and fees as well as the multiple regulatory requirements across all sectors to enhance the country’s ease of doing business, reduction of costs and the competitiveness of the local industry.
“The respective Statutory Instruments and statutes will be accordingly amended. 5 Tourism is emerging as a critical pillar in our nation’s economic transformation.
“The sector’s solid performance has received global recognition, with Zimbabwe being recently awarded the Best Must-Visit Destination in the World accolade by Forbes Magazine,” said President Mnangagwa.
In Energy Sector, President Mnangagwa also said the Rural Electrification Programme is electrifying both public institutions and homesteads throughout the country improving energy access by the rural communities.
“The Rural Electrification Programme, that is electrifying both public institutions and homesteads throughout the country, is improving energy access by our rural communities. No one and no place will be left behind.
“Meanwhile, the country continues to enjoy adequate fuel supplies, benefitting from upgrading of the pipeline capacity to 3 billion litres per annum. Pipeline capacity will be further upgraded to handle 5 billion litres per annum,”said President Mnangagwa
President Mnangagwa also added that notable progress has been registered in implementing the Zimbabwe Integrated Transport Information Management System Project, which includes automating services at the Vehicle Inspectorate Department, Central Vehicle Registry, and Road Motor Transportation.